334 QUEENS AVENUE Active

London,ON N6B1X4

$ 824900

- Bed

- Bath

4000 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $206

Subdivision East F

MLS Listing ID X9397468

Originating Board London and St. Thomas Association of REALTORS®

Property Description

This property is a well-established licensed Informal Residential Care Facility located at the corner of Queens Avenue and Waterloo Street in the heart of central London. Operating as Thomcare, this charming 2-storey red brick dwelling features 10 bedrooms offering single and double occupancy, currently accommodating 16 residents each paying $950.00 per month. With a full kitchen, 3 bathrooms, and ample living space, this property offers both comfort and convenience. Boulevard parking for 5 vehicles. Generating an impressive Net Operating Income (NOI) of $76,681.00, Thomcare is fully managed with on-site staff, allowing for a hands-off investment. The property can easily be adapted for student housing or as a room rental property. Zoned DA2, this property has great flexibility for future use. Don't miss this rare opportunity to acquire a solid income-generating asset in a prime downtown location. (id:24570)

Location

Province ON

Interior

Heating Other

Cooling Partially air conditioned

Exterior

Garage No

Waterfront No

View Y/N No

Total Parking Spaces 5

Private Pool No

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